Pakistan International Bulk Terminal Limited Secures Key Role in Reko Diq Mining Exports

Karachi: Pakistan International Bulk Terminal Limited (PIBTL) has been selected by Reko Diq Mining Company as the preferred export terminal for its copper and gold concentrates. This strategic development marks a significant milestone for PIBTL, which operates a dry bulk cargo terminal at Port Qasim on a build, operate, and transfer basis.

The terminal, which handles coal, clinker, and cement, reported a substantial increase in financial performance for the first quarter of fiscal year 2026. Net revenues reached Rs3.98 billion, representing a 71 percent increase year-on-year. The company also reported a profit after tax of Rs617 million, or Rs0.35 per share, compared to a loss of Rs0.17 per share in the same period of the previous fiscal year.

PIBTL’s management has expressed optimism about future coal imports, citing economic stabilization and increased demand from the cement and power sectors as key drivers.

The new partnership with Reko Diq Mining is expected to further enhance PIBTL’s position in the market. The export volumes for copper and gold concentrates are projected to reach up to 800,000 tons annually in Phase 1 and 1.8 million tons in Phase 2. Operations are tentatively set to commence in fiscal year 2028.

This development is seen as a major boost for both PIBTL and the broader economic landscape, as it aligns with growing industrial demands and strategic export goals.